Most SMEs are under-insured, according to a survey of commercial brokers released today.
The survey, conducted by AXA Insurance, revealed over half of brokers questioned believed their SME clients do not have enough insurance for their working premises and 55% felt they needed more cover for their motor fleets.
Loss of income and the impact of large-scale fire and theft were also areas where cover was insufficient, according to the brokers surveyed.
Colin Calder, head of broker development at AXA Insurance, said: “Unfortunately very few small to medium sized businesses review their risk management programmes and in some cases, they don't even have any.”
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
